Electricity supplier bails due to winter price spikes

Posted: February 02, 2014

Polar price spikes have already claimed one casualty among the region's competitive energy suppliers.

Clean Currents Benefit L.L.C., a renewable energy provider from Silver Spring, Md., stopped taking new accounts and turned its existing customers back to utilities on Friday.

The company notified customers on Friday "that the recent extreme weather, which sent the wholesale electricity market into unchartered territories, has fatally compromised our ability to continue to serve customers."

Clean Currents customers are in no danger of losing supply, said Jennifer Kocher, a spokeswoman for the Pennsylvania Public Utility Commission.

The PUC on Friday cautioned customers using a competitive supplier to review their contract as frigid temperatures and high demand have driven the wholesale price of electricity higher.

Customers with variable contracts may see their prices increase, the PUC said.

More information on electrical choice is available at the PUC's website: www.papowerswitch.com.

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